Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

4.    Earnings per Share

Earnings per share (“EPS”) are computed using the weighted average number of shares of capital stock outstanding. Earnings and diluted earnings per share are computed as follows (in thousands, except per share data):

			Net Income
For the Three Months Ended March 31,		Income		Shares	Earnings per Share
2022
	Earnings	$	64,169	14,986	$	4.28
	Dilutive stock options		-	165
	Nonvested stock awards		-	41
	Diluted earnings	$	64,169	15,192	$	4.22
2021
	Earnings	$	65,400	16,010	$	4.08
	Dilutive stock options		-	250
	Nonvested stock awards		-	50
	Diluted earnings	$	65,400	16,310	$	4.01

For the three months ended March 31, 2022, there were 609,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three months ended March 31, 2021, there were 298,000 stock options excluded from the computation of dilutive earnings per share because they would have been anti-dilutive.